The British media report the law firm’s financiers had sought help amid concerns about its finances.
Patrick O’Connor says he is unwilling to put his family through the strain of a court battle.
Shares in Slater & Gordon rival Shine plunged by up to 75pc after the law firm cut its earnings forecast by half.
Slater & Gordon has begun redundancy consultations with staff in Britain, and is considering closing offices.
The NSW government faces a revolt from within legal ranks over the apparent manipulation of evidence by ICAC.
Evidence detailing the police response to the Lindt Cafe siege may never be publicly released.
The trial of former minister Ian Macdonald is at risk of being adjourned because he can’t fund his defence.
The NSW ICAC has breached its responsibilities by withholding exculpatory evidence, says Nick Cowdery QC.
A shortlist of buyers for collapsed consumer electronics chain Dick Smith could be assembled by next week.
NSW ICAC kept evidence secret that supported the defence cases of Liberal politicians Mike Gallacher and Arthur Sinodinos.